LET CRYPTO RINGS
The best approach for me lately with crypto I take it easy. I know we are into the bear market there is no quick turning back going forward. It is fait accompli 2022 will be a status quo year for bearing feeling for the economy. While it is slowly moving into boring event, Hive did pull a bullish move. It is a positive amongst the vast negative feeling out there. It is just a way to remain keen to what crypto is delivering every day.
Going forward do not expect all cryptos will grow as before. With the bear in light you will see many blockchains throwing the white towel. That is the way it is. lack of use case will put pressure to ask questions and figure out why am I holding this or that token? With the FED in the process of pulling liquidity out of the financial market, it is prevalent to see this move coming to fruition. As inflation kicks in, volatility is flying everywhere putting more pressure for the short term holders seeking only returns.
We can easily see the true value of the crypto market these days. All the extra has gone over or under depending where one put their tokens. If you hold Terra/Luna you know for sure it goes definitely under to never come back. If you hold BTC it goes both ways as long you can miserably hold and wait for better days. It sounds BTC might swing South more in the incoming days due to issue related to Terra and 3AC. The crunch is for real when there is no specific use case for a crypto.
Hive for example is built first for the social media aspect. You come here, you write and post, comment, engage and earn more Hive. This alone gives Hive a formidable use case for those with the skills to write and persevere daily. Further down you can add the multitude of games like #splinterlands, #dcity and many more you get accustomed to. Use cases away from the blockchain are needed to give #hive another push. I know a country like Venezuela uses Hive as remittance.
We are in a stage where crypto is pulling from all angles. It will not be easy. It will surely tell all holders what cryptos are serious and how to navigate any market in the near future. Despite this 60% drop crypto has its loyalists to stay undeterred. When you believe in something so fundamental like the power of crypto, you know for sure bull or bear cannot swing it away from the designated path. I have to say holding #hive is a wonderland. It is something Hivers have that keep on coming and you can see it even though it is unimaginable to explain during a full fledge bear market. Keep vesting in you and realize you are always right.
Posted Using LeoFinance Beta
